What are the benefits of having home warranties? How do I know if I really need one?

Home warranties will pick up where insurance leaves off - that's the main advantage of having a home warranty. It will protect homeowners from repair costs that aren't covered by a traditional home insurance policy. Home warranties cover such things as heating, major appliances, air conditioning and plumbing.

Keep in mind that home warranties aren't necessary for homeowners to purchase. However, they will help sell a home by providing the buyer with additional protection. This additional protection will help ease the process of selling and repairing a home.

Malfunctions of major appliances will be covered. These major appliances include:

• Washers

• Dryers

• Ovens

• Refrigerators

• Plumbing

• Electrical system

• Heating

• Air-conditioning

• Ductwork

• Garbage disposals

• Doorbells

• Ceiling fans

• Water softeners

• Built-in microwaves

• Garage-door openers

If you are looking to add protection and to make things a little easier, a home warranty is a great choice. It is important to keep in mind that not all of those things will be covered on every single policy. Some things won't be covered on different policies, because all policies differ in price and coverage.